Agra, the city that proudly houses Taj Mahal, one of the seven wonders of the world, is located around 235 km away from the National Capital Region. The city which was previously known as Akbarabad is also home to other architectural wonders such as the Jama Masjid, Akbar’s Mausoleum, Itmad-Ud-Daulah, Chini-ka- Rauza, Agra Fort and Fatehpur Sikri. According to Historians, Agra is the place where Akbar’s divine faith ‘Dīn-i Ilāhī came into existence. Agra’s tourism industry forms the bedrock of the city’s local economy. The monuments of Agra serve as one of the finest examples of the Mughal architectural marvel and craftsmanship. Art meets business through lucrative business opportunities such as handicrafts, marble inlay, footwear, carpet and leather industries. People of Agra are fond of art, architecture and also gold jewellery. Many of them are dependent on gold loans. To experience the rich culture of Agra, one has to attend festivals such as the Taj Mahotsav and Ram Barat.
Gold loan is the most flexible and popular source of funds in the Indian financial market. A gold loan is a secured loan, which means that to obtain quick funds or emergency loans, the borrower has to pledge their asset (in this case, their gold) with the lender to obtain funds in return. A secured loan is also known as a collateral-based loan since the funds can be availed only against the asset of the borrower. Gold loans owe its popularity to its attractive features such as:
Using a gold loan, the borrower can get up to 75% of the market value of the collateral as the loan amount. In some cases, up to 90% can also be disbursed as the loan. Instant gold loans are so true to their name that the funds get transferred to the borrower’s account within one hour from the loan application.
A gold loan is the perfect solution when a borrower is looking for urgent loans or emergency funds. With the help of an instant gold loan online, the borrower can receive the required funds in less than an hour. The borrower is eligible to get up to 75% of the market value of the pledged gold as the loan amount. Unlike many other sources of funds, an online gold loan requires minimum paperwork before giving the loan approval. The required documents are:
Some lenders also approve the loan against just the Aadhaar Card of the borrower. The Aadhaar card is the most important document for an Indian, which has all the details regarding name, father’s and mother’s name, address, biometric information, iris scan, etc. Therefore, it can function as the identity proof as well as the address proof.
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